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Matiks raises $3.1 Mn in pre-Series A round led by Tanglin Ventures

EntrackrEntrackr · 23h ago
Matiks raises $3.1 Mn in pre-Series A round led by Tanglin Ventures
Medial

Matiks raises $3.1 Mn in pre-Series A round led by Tanglin Ventures The Bengaluru-based maths-focussed mobile gaming platform Matiks has secured $3.1 million (about Rs 27 crore) in a pre-Series A funding round led by Tanglin Ventures along with participation from Info Edge Ventures and other angel investors including boAt co-founder Aman Gupta, Unacademy co-founders Gaurav Munjal and Roman Saini, and Anil Goteti. The fresh funds will be allocated to expand its team, ratchet up marketing, enhance product offerings, and enter new geographies, Matiks said in a press release. Co-founded in Sept. 2024 by Sudhanshu Bhatia, Mohan Kumar, and Sushant Timmapur, Matiks provides mobile games that enable users to test their mathematical skills. It also lets users compete against each other. As per market research, India’s gaming industry is currently valued at about $3.8 billion and is expected to reach the $9.2 billion mark by FY29. According to the company, it offers features like live 1v1 and multiplayer math duels, daily challenges, global leaderboards, and personalized progress tracking to make math practice engaging and fun for users of all ages. The platform offers games across different categories, with focus on speed, memory, puzzle, among others. It also runs weekly contests to enable higher engagement. Matiks allows users to add friends, and even has a discord community. It has just launched a paid ‘Creators Programme’ which lets users form a community on the platform. Currently, the startup claims to have around 1 Lakh users and has crossed 50K downloads on the Google Play Store.

Oneiric11 Gaming raises $1 Mn in pre-Series A funding

EntrackrEntrackr · 1y ago
Oneiric11 Gaming raises $1 Mn in pre-Series A funding
Medial

Actor Rannvijay Singha-backed esports and gaming platform Oneiric11 Gaming has secured $1 million in pre-Series A round co-led by NG Family Trust and TAC Holdings, along with participation from other investors. The funds will be utilized to expand its game development team, enhance technological infrastructure, and increase marketing efforts to reach a broader audience, Oneiric11 Gaming said in a press release. Launched in 2020 by AVneet Singh, Oneiric11 Gaming focuses on creating immersive and engaging gaming content tailored to the preferences of Indian gamers. According to the Chandigarh-based company, its zero transaction fee feature on the platform is a consumer-centric approach and showcases its commitment to responsible gaming. Players can engage with a wide range of fantasy sports and enjoy rewards and prizes, making it the destination for fantasy gaming enthusiasts. The other prominent startups in this space are GRID Esports, Gameskraft, EVOS Esports, JetSynthesys, et al.

Exclusive: Consumer lending startup Fibe raises $66 Mn

EntrackrEntrackr · 1y ago
Exclusive: Consumer lending startup Fibe raises $66 Mn
Medial

Digital lending platform Fibe (formerly EarlySalary) has raised Rs 547 crore or $66 million in Series E round led by TPG’s The Rise Fund and Kabira Holdings. This is the first round of investments for the Pune-based company in the past two years. The board at Five has passed a special resolution to issue 5,46,75,600 Series E CCPS at an issue price of Rs 100 each to raise Rs 547 crore, its regulatory filing accessed from the RoC shows. The Rise Fund led the round with Rs 133 crore while Kabira Holdings put in Rs 125 crore. Eight Road Ventures, Norwest Capital, and Trifecta participated with Rs 41.6 crore, Rs 62.5 crore and Rs 55 crore, respectively. Amara Partners and Chirate also invested Rs 29.17 crore and Rs 100 crore. According to filings, the company will use these funds for expansion and growth as per the business plan duly adopted by the board. This is a developing story…

Exclusive: Zypp Electric raises $6.5 Mn in ongoing Series C

EntrackrEntrackr · 7m ago
Exclusive: Zypp Electric raises $6.5 Mn in ongoing Series C
Medial

Exclusive: Zypp Electric raises $6.5 Mn in ongoing Series C B2B delivery and shared mobility startup Zypp Electric is raising Rs 55.4 crore ($6.5 million) from 16 investors, which seems to be part of the ongoing Series C funding round for the Gurugram-based company. The board at Zypp Electric has passed a special resolution to issue 564 Series C2 CCPS at an issue price of Rs 9,83,005 each to raise Rs 55.4 crore, its regulatory filing accessed from the Registrar of Companies shows. Individuals including Ajay Kumar Aggarwal, Samir Goenka, Narinder Bajaj, Kapil Kriplani, Vega Industries, Gagan Khanna, Supersonic Carrier, Nirmal K Bathwal, and 10 other investors will cumulatively participate during the investment. According to Entrackr’s estimates, the company will be valued at around $335-350 million. This seems to be part of an ongoing round, and the valuation may vary with further injection. According to the company, it may raise up to $50 million in the Series C fundraise. In May last year, Zypp kicked off the new round with a $15 million tranche led by ENEOS. The company was backed by IAN Fund, 9 Unicorns (now 100 Unicorns), Anthill Ventures, Eiman Abdullah Mahfood Al Qatar, and others. Founded by Akash Gupta and Rashi Agrawal in 2017, Zypp Electric is an EV-as-a-service platform offering electric vehicle rentals along with delivery services through its e-scooter fleet for gig workers. The company claims to have around 22,000 active vehicles in its fleet, with 15,000 in Delhi NCR, 4,000 in Bengaluru, and 1,200 in Mumbai. Zypp Electric witnessed significant 2.6X growth, with its operating revenue crossing Rs 290 crore during the fiscal year ended March 2024. However, in pursuit of scale, the losses for the firm rose 2.2X to Rs 91 crore in the same period.

Circle of Games raises $1 Mn from Nazara and The Hashgraph Association

EntrackrEntrackr · 1y ago
Circle of Games raises $1 Mn from Nazara and The Hashgraph Association
Medial

Web3 multi-gaming platform Circle of Games (COG) has raised $1 million in equity funding from Nazara Technologies FZ LLC, (a wholly-owned subsidiary of the Nazara Technologies Limited) and The Hashgraph Association, a Swiss-based organization. The proceeds will be used to fast-track its go-to-market strategy, improve platform capabilities, and widen its international presence in the US, EU, Middle East & Africa, and Asia in 2024. Founded by Rabilal Thapa (CEO), Rajeeb VC (CTO), and Rohit Tiwari (CMO), Circle of Games has gained over 250,000 registered Android users, with its user base expanding rapidly. The platform is scheduled to launch its app on iOS devices by Q2. With over 250,000 registered users, COG plans to expand its gaming portfolio from the current six games to over ten games by Q4 2024. COG client base includes web3 projects and ecosystems worldwide, namely Chingari, Solana, Foundership, KGeN/IndiGGMetarun, TheFishVerse, NinjaGames and various Gaming Guilds/DAOs, among others. These partnerships provide COG unique and immediate access to a 500 million gaming community in over 50 countries. Recently, Nazara announced that it has planned to invest $100 million towards mergers and acquisitions (M&A) within the next 24 months.

Exclusive: Servify raises $10 Mn in debt and equity

EntrackrEntrackr · 12m ago
Exclusive: Servify raises $10 Mn in debt and equity
Medial

Post-sales service firm Servify has raised Rs 84 crore ($10 million approximately) in a fresh tranche of a Series D round from Bajaj Holdings, Trifecta, and Innoven Capital in a mix of equity and debt. The board at Servify has passed a special resolution to issue 500 non-convertible debentures and 1,16,555 compulsorily convertible preference shares (CCPS) for a total consideration of Rs 84 crore or $10 million, as per its regulatory filings with the Registrar of Companies (RoC). Bajaj Holdings invested Rs 34 crore through equity, while Trifecta and Innoven Capital contributed the remaining amount equally through debt financing. According to TheKredible estimates, the company has been valued at around Rs 7,074 crore or $852 million post-allotment. Servify offers brand-authorized after-sales support for mobile phones, personal gadgets, electronics, and home appliances. The platform allows consumers to add their household electronic gadgets onto the platform, store the bills, and access authentic brand-authorized service during or beyond the warranty period. The Mumbai-based company has raised around $125 million to date including $65 million in the ongoing Series D round led by Singularity Growth Opportunity Fund in 2022. According to the startup data intelligence platform TheKredible, prior to this tranche, Iron Pillor was the largest external stakeholder with 28.8% followed by Beenext and Blume Ventures which command 9.87% and 8.20% respectively in the company. See TheKredible for the complete shareholding pattern. The device management firm showcased a robust financial standing with over 95% year-on-year growth to Rs 611 crore during the fiscal year ending March 2023. However, the firm’s net losses stood at Rs 229 crore in the same period. The company is yet to file its annual results for FY24.

Postudio raises $1 Mn in pre-Seed funding

EntrackrEntrackr · 7m ago
Postudio raises $1 Mn in pre-Seed funding
Medial

Snippets Postudio raises $1 Mn in pre-Seed funding The funds will be used to scale up in the Indian enterprise market, develop AI-based product features, expand the team, and launch in the U.S. market in H2 2025. Gyan Vardhan 21 Jan 2025 13:08 IST Cloud-based post-production software company Postudio has raised $1 million in a pre-seed funding round led by Audacity Venture Capital. The funds will be used to scale up in the Indian enterprise market, develop AI-based product features, expand the team, and launch in the U.S. market in H2 2025. Founded by media veterans Dhawal Gusain and Harish Prabhu, Postudio offers a web-based platform that enhances post-production workflows with features like virtual editing, real-time collaboration, and AI-driven content localization. In under two years, Postudio has crossed the $1 million ARR milestone and aims to double its revenue in 2025, driven by rising demand for remote collaboration and a focus on affordability and data security. According to Postudio, its innovative platform has been rapidly adopted by media enterprises and independent production houses in India. The company is now poised for global expansion, aiming to redefine the post-production industry with scalable, cloud-based solutions that offer significant cost savings and enhanced security. The firm added that major media enterprises have achieved 20-40% savings by adopting Postudio, which provides easy implementation, user-friendly design, and enhanced security for content protection.

Exclusive: Wealthtech startup Stable Money raises $15 Mn in new round

EntrackrEntrackr · 1y ago
Exclusive: Wealthtech startup Stable Money raises $15 Mn in new round
Medial

Wealthtech startup Stable Money has raised over Rs 123 crore nearly $15 million in a new round from RTP Capital, Lightspeed India, and Matrix Partner. The Bengaluru-based company has become one of the few startups to close two rounds within a year, especially during the so called funding winter. The board at Stable Money has passed a special resolution to issue 77,135 CCPS at price of Rs 16,019 each to raise Rs 123.56 crore or $14.74 million, its regulatory filing accessed from the Registrar of Companies (ROC) shows. RTP Capital led the round with Rs 54.26 crore ($6.5 million) while Lightspeed India and Matrix Partners India pumped in Rs 34.64 crore ($4.15 million) each in this round. In August 2023, Stable Money scooped up $5 million in its first equity fundraise led by Matrix Partners and Lightspeed. Titan Capital, Mar Shot Ventures and a clutch of prominent angel investors also participated in the round. As per startup data intelligence platform TheKredible, Stable Money will be valued at around $60 million post money. This is nearly four fold jump in valuation from $16.5 million in the last round. Founded in late 2022 by Saurabh Jain and Harish Reddy, Stable Money is building a fixed-return investment platform to provide financial consultation services to investors. The platform will also publish financial literacy content on its online platform to create awareness among investors. A clutch of wealthtech startups have managed to score decent funding in the ongoing calendar year. Recently Deserv raked in $32 million in its Series B round led by Premji Invest. In May, wealth management platform Wealthy raised $5.4 million in a new round led by Alpha Wave Incubation Fund.

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